In addition, the acquisition will strengthen ABG’s
product offerings, John Van Buren, MSPA, President of ABG
– MA, said in the announcement.

The deal is part of a restructuring of
BenefitStreet in order to streamline its business as a
defined contribution plan recordkeeper. BenefitStreet
began selling of its third party administrator (TPA)
subsidiaries in April (See
BenefitStreet Begins Shedding TPAs
). The following month the company announced it had
obtained key financing for its restructuring efforts (See
BenefitStreet Restructuring is Moving
Right Along
).